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Paytm Streamlines Insurance Strategy: Focus on Distribution for Consumers and Businesses

27 May 2024

Paytm, India’s leading digital payments platform, announced a strategic shift in its insurance business. This move strengthens its focus on insurance distribution for consumers, small merchants, and SMEs (Small and Medium Enterprises) through its wholly-owned subsidiary, Paytm Insurance Broking Private Ltd (PIBPL). Expanding Insurance Options for Everyday Needs PIBPL will be at the forefront of …

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Ease My Trip CEO withdraws bid for Acquiring Go First

27 May 2024

Go First, founded as GoAir, was an Indian low-cost airline based in Mumbai, Maharashtra. It is owned by the Indian business conglomerate, Wadia Group. It commenced operations on 4 November 2005 and operated a fleet of Airbus A320 aircraft in an all-economy configuration. A year ago, in May 2023, Indian budget carrier Go First approached …

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JSW Energy is exploring acquisitions in the renewable energy sector

27 May 2024

JSW Energy, a key player in India’s energy sector, is on track for an expansion in the renewable energy space. With an eye on over half a dozen potential deals, the company seems set to capitalize on opportunities arising from the impending selling conclusion of investors. Ambitious Goals Currently possessing a renewable capacity of 7.3 …

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GAIL Launches Green Hydrogen Plant in Madhya Pradesh

27 May 2024

GAIL (India) Limited informed in a stock exchange filing that the company had installed its first Green Hydrogen Plant at GAIL Vijaipur in Madhya Pradesh. The plant was inaugurated on May 24, 2024, by Shri Pankaj Jain, Secretary of the Ministry of Petroleum & Natural Gas, in a ceremony attended by GAIL Chairman and Managing …

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Genus Power Infrastructures Expands with Three Meter Manufacturing Subsidiaries

27 May 2024

On May 25, 2024, Genus Power Infrastructures Limited informed the stock exchanges about the incorporation of three wholly owned subsidiaries. On May 21, the company incorporated 2 wholly owned subsidiaries, Genus Beta Smart Metering Private Limited and Genus Delta Smart Metering Private Limited. On May 23, 2024, Genus Power Infrastructures Limited incorporated another wholly-owned subsidiary, …

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Veranda Partners with KSDC to Launch Wealth Management Course

27 May 2024

On May 26, 2024, Veranda Learning Solutions Limited informed in a stock exchange filing that the company has partnered with Karnataka Skill Development Corporation (KSDC) to launch upskilling programs. The company stated that it has started working as a Training Partner as per the terms of the Memorandum of Understanding (MoU) with the KSDC to …

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Rs 90 Crore Order Received by Axiscades from BEL

27 May 2024

Axiscades Technologies is at the top of the game in delivering end-to-end technology and engineering solutions, contributing to innovative, sustainable and safer products globally. With its headquarters in Bangalore, the firm has a global presence with branches in the USA, UK, Canada, Germany, India, and China while there are offices located also in Germany, France, …

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RVNL emerged as the lowest bidder (L1) for Nagpur Metro project worth Rs.187.34 Cr

27 May 2024

Rail Vikas Nigam Limited (RVNL) operates in various sectors within the railway infrastructure sector, taking up diverse projects such as new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, and construction of cable-stayed bridges, etc. RVNL Emerges as L1   RVNL has secured a significant contract from Maharashtra Metro Rail Corporation (Nagpur Metro) …

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India’s Flaming Summer Can Be a Beneficial For The Earnings of These Stocks

27 May 2024

A flaming summer is gripping a significant portion of India now, with the country recorded its highest temperature of 50C on Saturday. This hot summer is also boosting optimism of higher earnings for various companies in the fifth-largest stock market in the world. Companies like Varun Beverages, Adani Power, and Voltas are going to have …

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TVS Motor Expands African Presence with Launch of Feature-Packed HLX 125 in Tanzania

27 May 2024

TVS Motor Company (TVSM), a global leader in two-wheeler and three-wheeler vehicles, announced the launch of the TVS HLX 125 with 5-gears in Tanzania. This strategic move strengthens TVS Motor’s presence in the vibrant African market, offering Tanzanian riders a powerful yet fuel-efficient motorcycle. Built for Performance and Efficiency The TVS HLX 125 caters to …

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